At the beginning of this week, I made the big announcement that I quit my job. While this decision generates an immediate financial stress in my household, there are also positive financial outcomes, like having to invest $100,000. For over a decade, I’ve participated in my previous employer’s defined pension plan. I will finally see this money as I now need to make a decision about what will happen next. My latest pension plan statement was dated December 2016 and showed a cash …
The Question Haunting Me or How I Decided to Quit a 6 Figure Job to Live Passionately
I’m going a little bit off topic this morning but if I don’t write this post, I think it will continue to follow me throughout my journey. As I’m writing the first part of this article, I’ve been on the road for 44 days already. 44 days… this doesn’t sound like a lot. In fact, it just sounds like a big vacation, right? We started our trip on a big roll going from one place to another like we were almost being chased. I remember, we were so excited to discover the world and experience everything. …
Can My Portfolio Survive a Crash?
The idea of losing lots of money in a short period of time is probably one of the biggest fear of any investors. In fact, many of them rather wait on the sideline than suffer this “inevitable-next-market-crash”. After all, nobody wants to suffer this type of drop: When a market crashes everybody panics. Should they? Not if they have done their homework first. It is impossible to know when the market will hit a new correction and your portfolio will lose 10% within a few weeks. We all know …
Selling SNC Lavalin & Buying Amazon
Back in April 2015 I made a bold move in my portfolio; I sold ScotiaBank (BNS.TO) to buy SNC Lavalin (SNC.TO). Many readers weren’t too sure about this move, but I’ve proven that I was right 2 years after the trade: Source: Ycharts While SNC outperformed BNS all the way, it is clear on this graph I should have sold SNC a year ago and a few weeks ago. But the investment thesis behind my purchase was still valid a year ago: “I believe the moment charges will be settled, investors will …
What is Your Minimum Acceptable Yield?
When you decide that dividend investing will become the core of your portfolio this is usually because you are looking to cash dividend payments. The idea of receiving monthly checks while doing nothing is attractive. But not all dividend payouts are equal and the yield seems to preoccupy many investors. In fact, the dividend yield is often at the center of many DGI’s. Why is the yield so important? A relatively high dividend yield is mandatory for many investors. Many companies offering a …
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Part V: I’m Retired, How do I Managed my Portfolio?
This last segment about my retirement planning series (you can read Part I, Part II, Part III and Part IV) is probably the most difficult part to discuss. Retirement is a case by case story. Nobody has the same portfolio, age, retirement plans and capacity. This is why it is so difficult to write something that will reach most of you. However, I’m giving a try today as I know the following question tickles more than one: How do I manage my portfolio at retirement? The biggest change happening …
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